China oil futures front-month contracts climbed across the complex; Shanghai crude (SC) rose 5.18% to 759.9 yuan/barrel. Low-sulfur fuel oil (LU) gained 1.72% to 5,256 yuan/ton, fuel oil advanced 4.73% to 4,120 yuan/ton, and bitumen increased 2.49% t

Key News 1. National Bureau of Statistics: The national CPI rose 0.8% year-on-year, mainly due to the widening increase in energy prices. 2. National Bureau of Statistics: The national PPI rose 3.8% year-on-year in August, an increase of 0.3 percentage points compared to the previous month. 3. The negotiation and bidding process for the 2026 National Basic Medical Insurance Drug Catalog has concluded. 4. Chinese Academy of Sciences: A breakthrough has been achieved in low-temperature lithium-ion capacitor electrolytes, with an energy density 8.9 times that of traditional electrolytes. Individual Stock News 1. Data on main capital flows shows that Huagong Tech saw the largest net inflow of main capital at 2.567 billion yuan, followed by Dongshan Precision, Hengtong Optic-Electric, Yangtze Optical Fibre and Cable, and Yongding Shares. Changxin Technology saw the largest net outflow of main capital at 1.586 billion yuan, followed by Xingsen Technology, GigaDevice, COFCO Sugar, and Cambricon. 2. Hesun Petroleum: Will continue to increase investment in the semiconductor field in the future. 3. Sungrow Power Supply: Several SST units have been delivered to customers and are expected to be operational in the fourth quarter. 4. Weichai Power: Optimistic about the competitiveness of natural gas power generation products in the off-grid power generation market. 5. China North Industries Group Red Arrow: Zhongnan Diamond is conducting research on fourth-generation semiconductor technologies. 6. Asia Pacific Group: The impact of the El Niño phenomenon on the company's future is uncertain. 7. Qianyuan Power: No information has been received regarding the rumors of a merger with Wujiang Hydropower. 8. Aili Home Furnishings: Production efficiency at its Mexican factory was effectively improved in the first half of the year. 9. Cao Peng, JD.com: JD Cloud is collaborating with Moore Threads and others to build a 100,000-card domestic computing power cluster. 10. Hanshow Technology and Tuoyuan Smart Technology have reached a strategic cooperation agreement. 11. Suyanjing Shen: The comprehensive utilization project of brine salt production from gas storage aims to start trial production in October.

Bank of America Global Research: Raises its target price for Shell (SHEL.N) from 3,400 pence to 3,550 pence.